Over the last couple of months there have been countless companies hitting the ASX boards after completing their initial public offerings (IPOs).
Three that could be worth watching are listed below. Here's what you need to know about them:
PlaySide Studios Limited (ASX: PLY)
Melbourne-based PlaySide is one of Australia's largest independent video game developers with over 52 titles developed. This includes games based on original intellectual property and games developed with Hollywood studios such as Disney, Warner Bros, and Nickelodeon. It operates in a mobile games market which is estimated to be worth $77.2 billion after growing at 13.3% year on year. The company's IPO raised $15 million from investors at 20 cents per share, giving it a market capitalisation of $73 million. The PlaySide share price ended the week at 32.5 cents.
SILK Laser Australia Limited (ASX: SLA)
This laser, skin care, and cosmetic injections company's shares have been positive performers since raising $83.5 million at $3.45 per share through its IPO. At the end of the week, SILK Laser's shares were changing hands for $3.65. Investors appear to have been impressed with its solid performance so far in FY 2021. As of the end of the first five months of FY 2021, management revealed that it is on track to beat its forecasts. It advised that unaudited network cash sales remain well ahead of last year and are up 63% on the prior corresponding period to $38 million.
Universal Store Holdings Limited (ASX: UNI)
Universal Store is a leading fashion retailer which landed on the Australian share market after raising $147.8 million at $3.80 per share. This gave the fashion retailer a market capitalisation of $278.1 million. It has been a strong performer in FY 2021. After meeting its prospectus forecast in the first quarter, its strong growth continued in the second quarter. Between 28 September and 15 November, the company achieved group comparable sales growth of 33% versus the prior corresponding period.
